Perhaps the arrest and apprehension of Sergey Medvedev is the single biggest win in the fight against Cyber Crime and related problems. The Thai authorities, in coordination with the FBI, released a detailed report of the 3-year operation, which finally led to the arrest of the Infraud founder and more than thirty other associates. Apparently, from the apprehended operators of the company, an estimated amount of $100 million was discovered to have been hoarded in digital assets, such as the infamous Bitcoin. The operations of the group revolved around the provision of infrastructures of the online avenues of doing the dirty business. Infraud had grown to become one of the largest and most lucrative markets for personal and business data used by cyber criminals to commit identity theft, asset theft, illegal cash transaction, and dealing in illicit goods.
Over the years, digital platforms, with the strong pillar of the Internet, have shifted trends of living lives towards automation, accessibility, and better service provision. In addition to this, businesses, startups and experienced alike, have embraced this advancement. Marketing, sales, transactions, and data conglomeration have become part of the day-to-day use of the cyber space. However, there are a number of vulnerabilities and the loopholes that form hooks upon which organizations like Infraud hang their coats of mischief on this and defraud unsuspecting people and deny the government of revenues running towards the Billions. People like Mr. Medvedev use these loopholes to create an entirely new ecosystem, where guys of malicious intentions interact and conduct transactions. The platform, known as Infraud, grew in its operations and size due to the high degree of success it exhibited towards its clients. In fact, it is estimated that thousands of individuals, financial institutions, and governments have fallen victim to the goings on at Infraud, based within the dark web. If you have been around the cyber crime investigation scene then you might have heard about the Dark Web. If you haven’t, no need to worry, it is your time to learn.
The Dark Web is the place at the center of the Bermuda Triangle and is considered the darkest part of the universe, which, every once in a while, becomes so angry and hungry, it has to swallow something like a plane or a bird.
Your realize am just kidding, right? Anyway, the Internet is a very large entity with many facets. Apparently, what we find when we type something on Google, or any other Search Engine, is a tip of the iceberg in the definition of the internet. The Dark Web constitutes to part of the rest of the iceberg, often immersed under water. The ordinary Internet user will not necessarily be able to gain access to the contents of this part of the Internet world. Many of the sites here are invite-only and are meant for specific activities, depending on the interest of the members. Generally, illegal trades, underworld communications, and adverse whistle blowing activities, among others form part of the happenings here. Infraud, for example, was a platform for discussions, buying, selling, exchange, and exhibition of ATM information, Personal Social security Details, Tax information, Credit Card details, and data from various online payment service providers. A hub for Cyber Criminals of sorts.
One may wonder how fast we get interested and consumed by the first world problems and rush to write about it. But the first correction would be that, Thailand is not really a first world country. Secondly, how many times do you receive an SMS with an alluring financial message, promising to change your life? Maybe you have brushed it off and deleted it thinking it is from a jailbird at a corner of one of the prisons in Kenya. However, have you wondered how they came to be in possession of your personal details? What is it they can proceed to do with this data? Do you feel safe? Well, we have our own challenges when it comes to Cyber Crime and the sooner we embrace the concept of Cyber Security, the better it will be for us.